OMV Petrom SA has signed a supply contract with Astra Bioplants Ltd for the purchase of pre-treated used oil, the energy company said in a statement. The contract is for a period of five years, with the possibility of extension for another three years, with deliveries to begin in 2028. The pre-treated used oil is […]
The EU will gradually and effectively stop the import of Russian gas and oil by the end of 2027, under a legislative proposal put forward by the European Commission today. This will end the EU’s exposure to market and economic security risks due to dependency on Russian fossil fuels, and ultimately boost the Union’s energy […]
Energocom has been designated as the universal supplier of natural gas in the Republic of Moldova and the company has signed or is negotiating new bilateral contracts, such as the one with OMV Petrom for gas from the Neptun Deep perimeter, or with Nuclearelectrica, to participate in the construction of the new nuclear reactors at […]
OMV Petrom and Israeli company NewMed Energy have agreed to drill a new well in the Han Asparuh offshore block in the Bulgarian Black Sea, after approving the exploration program and first drilling in March, according to the specialized press. The drilling of the Krum-1 well is expected to start after the completion of the […]
Serbia plans to build a new interconnection pipeline to boost natural gas imports from Azerbaijan, according to Sasa Kokovic, acting assistant to the minister of oil and gas at the Serbian Ministry of Mines and Energy. Speaking at the 30th Baku Energy Forum, Kokovic stressed the importance of modernizing Serbia’s aging gas infrastructure, News.Az reports, […]
XP Group, a leading international oil and gas operator, has two decades of sustainable investment and operational excellence. Since its inception in 2005, the group of companies has invested $250 million to increase production, modernize its facilities and build a future-oriented approach to managing mature oil and gas fields, according to a press release. “Over […]
EVConnect, one of the pioneers in electromobility in Romania, announces a strategic partnership with Selgros, dedicated to expanding the electric vehicle (EV) charging infrastructure. Together, the two companies will install over 40 charging stations in Selgros commercial centers’ parking lots, offering customers convenient and environmentally friendly options to charge their electric vehicles. This initiative is […]
The start of production at the Dangote refinery, Africa’s largest, is having a knock-on effect on the businesses of large Romanian companies that sell gasoline in Ukraine. In September 2024, the new Dangote refinery in Nigeria, the largest in Africa, owned by Nigerian billionaire Aliko Dangote, the richest man on the African continent, began producing […]
Austrian energy group OMV AG announced on Friday that it had sold its 5% stake in the Ghasha concession, located in the United Arab Emirates, to Russian oil group Lukoil, exiting a project that it once considered useful for breaking out of the Kremlin’s energy orbit, Bloomberg reports, quoted by Agerpres OMV, the majority shareholder […]
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, announces the successful restart of fuel production at the Petrobrazi refinery, after a 20-day planned shutdown. During this period, regular inspections and maintenance activities were carried out, catalysts and various equipment and components were replaced as part of the refinery’s efficiency improvement initiatives. These actions […]
The gas system operators (TSOs) of Bulgaria, Greece, Moldova, Romania and Ukraine are jointly proposing a monthly route product for bundled firm capacity for the period June-October 2025, which will facilitate the transport of gas from Greece to Ukraine, according to a press release from Transgaz. The bundled capacity product for the transport of natural […]
The onshore Caragele field, which has become the second most important of the national company Romgaz, continued to increase its production in the first quarter of the year. As a result of the investments made by S.N.G.N. Romgaz S.A. in the first quarter of 2025, the production obtained from the Caragele field increased, representing 7.6% […]
Germany can now make its energy supply even more secure and flexible. With the commissioning of its third floating import terminal for liquefied natural gas (LNG), the state-owned DET successfully implemented another key project of the LNG Acceleration Act on Monday, May 26. At a small press event in the presence of responsible representatives from […]
In line with the EU’s Industrial Carbon Management Strategy and the Clean Industrial Deal, the European Commission adopted a Delegated Regulation yesterday, specifying the identification and calculation rules that apply to European oil and gas producers required to provide new CO2 storage solutions by 2030. Based on this Delegated Regulation, the Commission has today adopted […]
